Penske Logistics Supports EuroTerminal Opening

ROOSENDAAL, 19 October 2007 - Today, Penske Logistics again declared its support of the
EuroTerminal Coevorden BV (ETC), at the grand opening event hosted by Prof. Dr. HansGert
Pöttering, Chairman of the European Parliament. The company holds a 12.37 percent stake in
the facility, and has provided strategic counsel and maintained partial responsibility for
securing new customers for the terminal since 1998. In addition, Erik van Egmond, Managing
Director Penske
Logistics Europe, is the chairman of the ETC Supervisory Board.

Located at Europark and situated partly on German territory, the EuroTerminal Coevorden is
supported by a collaboration between the Dutch and German governments. Building upon the daily
rail transport link between Coevorden and Rotterdam that was established by Penske in 2002, the
ETC is a unique terminal that now combines inland barge transport with rail transport, enabling rapid,
intermodal cross-docking
at a strategic geographical location. The expanded terminal - now ten times
larger than the former rail terminal - can accommodate 2.5 million tons of goods annually.

"The EuroTerminal Coevorden marks the beginning of a new era in logistics in Coevorden," said van
Egmond. "It is the first, extremely important step toward optimising the links between the region and
the rest of Europe. Penske Logistics is proud to have been able to contribute its expertise in supply
chain management to help make the opening of the EuroTerminal Coevorden successful."

Regional and national government authorities and a number of companies have collaborated closely
to establish the EuroTerminal Coevorden. van Egmond adds, "Now that the ETC is open, continued
cooperation at the regional and pan-European
levels will remain crucial. All parties will need to
continue to work together to ensure that we have an international flow of goods passing through the
region, taking us one step closer to economic prosperity."

About Penske Logistics

Penske Logistics is a wholly owned subsidiary of Penske Truck Leasing, a joint venture of Penske
Corporation and General Electric. With operations in North America, South America, Europe and
Asia, Penske Logistics provides supply chain management and logistics services to major industrial
and consumer companies throughout the world. Penske Logistics delivers value through design, planning and execution in transportation, warehousing, international
forwarding and carrier
management. Visit www.PenskeLogistics.com to learn more about the company and its services.